Overview:
The Department of Financial Services (DFS), in collaboration with the Indian Banks' Association (IBA), launched a nationwide Hackathon Series led by Public Sector Banks (PSBs), in partnership with premier institutions such as IITs, universities, and scientific research organizations.
As part of this initiative, DFS invited PSBs to share key problem statements and innovative ideas aimed at addressing real-world challenges in the banking sector.
Objectives of the Hackathon Series:
- Foster collaboration between Public Sector Banks, educational institutes, and students.
- Encourage innovation and prototype development on identified problem statements within the banking sector.
- Promote the use of technology and digital tools to improve banking services.
- Provide opportunities for entrepreneurship by identifying commercially viable solutions.
Hackathons conducted till date:
| Sl. No. | Bank Name | Participating Institutions | Grand Finale Date | Synopsis |
|---|---|---|---|---|
| 1 | Bank of Baroda | IIT, Kanpur | 3rd October, 2025 | VIEW |
| 2 | Bank of India | IIT, Hyderabad | 3rd September, 2025 | VIEW |
| 3 | Bank of Maharashtra | COEP Technological University, Pune | 10th August, 2025 | VIEW |
| 4 | Canara Bank | IISc Bengaluru | 31st July, 2025 | VIEW |
| 5 | Central Bank of India | Maulana Azad National Institute of Technology, Bhopal | 25th July, 2025 | VIEW |
| 6 | Indian Bank | IIT Madras | 7th May, 2025 | VIEW |
| 7 | Inidan Overseas Bank | B. S. Abdur Rahman Cresscent Indtitute of Science And Technology, Chennai | 9th May, 2025 | VIEW |
| 8 | Punjab & Sind Bank | Punjab Technical University, Hakandhar, Punjab | 18th September, 2025 | VIEW |
| 9 | Punjab National Bank | IIT, Kanpur | 19th July, 2025 | VIEW |
| 10 | State Bank of India | IIT, Guwahati | 20th August, 2025 | VIEW |
| 11 | UCO Bank | Indian Institute of Engineering Science and Technology (IIEST), Shibpur | 17th September, 2025 | VIEW |
| 12 | Union Bank of India | K.J. Somaiya College of Engineering, Mumbai | 18th March, 2025 | VIEW |